Charter HCP secures £120m funding line

Corporate finance house and due diligence specialist Charter HCP has secured a £120m funding line from an undisclosed provider.

In addition to brokerage services, Charter HCP offers direct loans via warehouse and table lines and HNW placements, as well as specific project consulting for complex projects.

The business has operated as two separate entities for more than 12 years, before merging six years ago.

The latest funding will be used to increase its lending to UK and international clients, with goals to double its loan book over the next year. 

It will also continue to provide funding lines to other principal lenders.

Tom Pritchard, COO at Charter HCP (pictured above), said: “We identified some areas of the market that are not properly catered for, and we have hopefully built a product range that fills this gap. 

“We have a very simple bridging, refurbishment, and development product that has a uniquely flexible approach to the underwriting and risk pricing which will no doubt surprise a few of the current leaders in the specialist lending market — keeping it simple is the aim, even for the most complex cases.”

This follows the announcement that Charter HCP signed contracts with two insurance companies,  S.A Guarantee Limited and AMI Speciality, which allows them to offer surety bonds and other additional security solutions to their funding partners, some of which are available to the general lender and broker market.

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